Gerba, Eddie, Pikoulakis, Emmanuel V. and Wisniewski, Tomasz Piotr (2014) Structural models of the wage curve estimated by panel data and cross-section regressions. MPRA paper, 53975. Munich Personal RePEc Archive (MPRA), Munich, Germany.
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Abstract
Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the wage-curve, thus enriching and strengthening the microfoundations of that relation.
| Item Type: | Monograph (Working Paper) |
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| Official URL: | http://mpra.ub.uni-muenchen.de/ |
| Additional Information: | © 2014 The Authors |
| Library of Congress subject classification: | H Social Sciences > HC Economic History and Conditions |
| Journal of Economic Literature Classification System: | E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E22 - Capital; Investment (including Inventories); Capacity E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E23 - Production E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation) |
| Sets: | Departments > European Institute Collections > Economists Online |
| Identification Number: | 53975 |
| Date Deposited: | 04 Apr 2014 09:28 |
| URL: | http://eprints.lse.ac.uk/56395/ |
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